FRTB standard rules cause worries about duplication

Sensitivity-based approach means “we have to do everything twice”, complains one head of trading

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Banks worry SBA will force them to duplicate their risk management processes

New standardised rules on trading book capital could dramatically increase the time and expenditure involved in risk management, banks complain, as the rules will force firms to duplicate certain processes.

The worries circle around the Basel Committee on Banking Supervision’s Fundamental review of the trading book (FRTB), which was finalised in January. As with current rules, the FRTB allows more advanced banks to use their own internal models or adopt a punitive standardised approach.


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